Surprise dip in inflation

Inflation blogAccording to the Office of National Statistics (ONS), there has been a slight dip in the rate of inflation. The Consumer Prices Index (CPI) has fallen from 2.8% in March to 2.4% in April. The Retail Prices Index (RPI) has also fallen significantly to 2.9%, down from 3.3% in March. One of the main reasons for the slowdown in the rate of inflation was a fall in the cost of fuel. Over the past month petrol has fallen by 2.1p per litre, whilst the price of diesel ...